Folks that are fully vaccinated, we know that you’re excited to travel again with the Malaysian borders reopening in April, but this is your sign to make sure you’re insured before doing so. We know, we know- it’s been two years since you even got the chance to plan a getaway. However, there is something you just cannot miss before you go on your travels: travel insurance.
Selecting your travel insurance plan may sound complicated, but we promise it can be as simple as booking your flight ticket. In case you need some help, we’ve compiled 5 important tips to choosing the best insurance plan for yourself, without the unnecessary spending.
#1: Check your existing insurance packages for Covid-19 coverage
Before you go for a travel insurance plan, be sure to check on what eventualities your existing insurance plans cover. The last two years have shown us just how unpredictable Covid-19 can be, so go through your policies and contact your insurance providers for more information about getting Covid-19 coverage as well. Knowing what your current insurance plan covers will help you make a wiser decision when deciding on a travel insurance plan.
Quick tip from CompareHero.my: Check if your credit card provides travel insurance. Yep, you got that right! Some credit cards offer travel insurance when you use it to purchase a flight ticket online, or when you place a booking for your accommodation. With this, you’ll be enjoying travel insurance for free, no hassle required.
*Please note that the insurance coverage varies depending on the credit card type. Read the terms and conditions of your credit card, or call your bank for better clarification.
#2: Know your destination and its current situation
Keep in mind that insurance companies offer various insurance plans depending on where you travel: domestic or international. These insurance plans range from medical-only to comprehensive policies which include coverage for theft, baggage loss, and cancellations. If you are travelling to high-risk countries, you are encouraged to get extensive travel insurance that gives you coverage for Covid-19.
Some insurance companies will not offer insurance coverage for individuals who travel to high-risk countries. Should they do so, the travel insurance premium might be higher for high-risk countries than other countries.
#3 The Devil is in the Details
Compare travel insurance providers and policies before you make a purchase. Remember: you only get what you pay for! Once you compare policies and prices carefully, you might find that some insurance plans are not as great as you thought they were.
Don’t be tempted by the cheapest insurance policies because there are likely loopholes and coverage exclusions hidden in the fine print. The cheaper insurance policies may also offer a lower coverage amount or have limited coverage categories. It is important to understand and read the fine details of an insurance policy before you make a decision.
Also, learn how to make a successful insurance claim. Do not forget to make copies of everything and review the coverage amount to get your claims should something unfortunate happen. The last thing you need when you’re in trouble while travelling is an insurance plan that won’t cover you!
#4: Take your travel itinerary into consideration
If you are an adrenaline junkie and you’re planning for some extreme sports, such as cage diving or bungee jumping during your trips, make sure to choose an insurance policy that has coverage for such activities. Again, it is crucial that you check the policy and find out if they cover the activities that you are partaking in. The coverage amount and details could be varied depending on the type of activities too. Don’t be afraid of speaking to your insurer if you are unclear about the policies’ coverage! They’re there to help you.
#5: Understand the Difference between Travel Insurance and Expat Insurance
For those who travel for short periods of time, travel insurance will suffice. However, expat insurance would be necessary for those travelling overseas for more than 12 months. It typically provides comprehensive medical coverage around the world for both emergency or non-emergency care. Do keep in mind the difference when you’re deciding on travel insurance.
All in all, we cannot always be sure about what will happen during your vacation. Flights could possibly be delayed or cancelled, and baggage could be stolen or lost. However, selecting a travel insurance plan will at least give you a peace of mind and keep you protected should something happen. So, if you are travelling – what are you waiting for? Start your search for a travel insurance plan today!